Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Chimera Investment Co. (NYSE:CIM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Chimera Investment Co. (NYSE:CIM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,366 shares of the real estate investment trust's stock, valued at approximately $299,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of Chimera Investment by 1,691.7% in the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 3,062 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Chimera Investment during the 4th quarter worth approximately $56,000. Hillsdale Investment Management Inc. acquired a new stake in Chimera Investment in the 4th quarter valued at $65,000. Summit Securities Group LLC bought a new stake in Chimera Investment in the fourth quarter valued at $111,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Chimera Investment during the fourth quarter worth $170,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, UBS Group upgraded shares of Chimera Investment from a "neutral" rating to a "buy" rating and lifted their target price for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Insider Activity

In related news, Director Gerard Creagh acquired 12,500 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the acquisition, the director now owns 138,127 shares of the company's stock, valued at $1,838,470.37. This trade represents a 9.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.

Chimera Investment Price Performance

NYSE CIM traded up $0.22 on Thursday, hitting $13.54. 552,879 shares of the company were exchanged, compared to its average volume of 591,411. Chimera Investment Co. has a 1-year low of $9.85 and a 1-year high of $16.89. The firm has a 50 day moving average of $12.32 and a two-hundred day moving average of $13.60. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The company has a market cap of $1.10 billion, a P/E ratio of 12.53 and a beta of 1.75.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $69.22 million for the quarter, compared to analyst estimates of $72.07 million. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, equities analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.93%. Chimera Investment's payout ratio is 98.67%.

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.